Registered Company No.. 07401007
Registered Charity No: 1139109
PIMCO Foundation Europe
(a company limited by guarantee)
Report and financial statements
for the year ended 31 December 2023

PIMCO Foundation Europe
Report and financial statements for the year ended
31 December 2023
Contents
Charity deta￿5
Directors, repryt
IndeFendent auditors, reFQrt
statement of financial activit
11
Balance sheet
12
statement of cashkn
13
Notes to the finanaal statements
14

PIMCO Foundation Europe
Charity details
Stsfv$
PIMCO Foundation Europe is a wivate corrpny limited by gUa￿lee, company numbèr 07401007.
was incorporated on 8 Odober 2010. It was reg¢slered in England and Wales as a charity on 18
Novernber 2010. nwnber 1139109.
Dlr•¢tor4 and Trust•••
Ms Vishalak5hi Maroala Ananthanarayanan
Andreas 8emdt (Apwinled 27K17120231
Mr Ryan Bkjle
Mr Cravj Dawson. Chairman
Mr Ketishweran Pothalingam IResvJned 2710712023)
Mr Thomas R￿e, Company Secrdwy
PrInci￿1 offico l R•glst¢rgd offic¢
11 Bakèr Strget
London
W1U
dfjpend￿t Auditorn
Saffèry LLP
710ueen Victoria Street
London
EC4V 48E
Bank•rs
Citsbank NA
25 Canada Square
Canary Wharf
London
E14 5LB
Sollcltors
Stone KiThJ LLP
16 Sl Jthn's Lane
London
EC1M 48S

PIMCO Foundation Europe
Directors. report
for the year ended 31 December 2023
The Directors, who are aLso the Trustees of PIMCO FouThJatr)n Europe Foundation"). present
th*"r reF4Jrt and audf(ed financaal stalements for the year to 31 December 2023, which have baèn
prepared in accordance wrth the Char￿.￿S Aet 2011. the Companies Act 20(￿. Ihe Memorandum and
Artides of Assooation. and Accounts"ng and Repc¥ling by Chariti"es." Slatement of R8wmmended
Prath'ce I'SORP") appI￿Able to thanties preparsrrfj their accx)unts in accordance wrth thè Financial
Roporting StsrKlard applicab18 in the UK arbj Republi¢ of IrelaThJ IFRS1021 IS8￿￿d edition).
The ¢h¥rity detai15 C￿ page 1 fomi part ofthis rw.
Gov•rnlng doCum￿ts
Thè Frwndalion is a Charitab￿ hmited by guarantee governed by rfs Memorandum and
Artides of Association. # was irKx)rporated on 8 October 2010 and regislered with the Charity
Comrnisshjn as a charity on 18 Novemt*r 2010.
The $ole men4)er of Ihe FoundatNJn is PIMCO Ewcye Ltd I'PIMCO Ewcfje).
ObJ￿ts and actlvltles for the publk benefft
The objects of Ihe FWnda1i￿ we to help rthnmunty and other charitable causes where it belydves
a FK)SitibE difference can be made. Th• chaiity is regist8red in ENJland and Wakn.
The ongow)g strategy of the FouTrJatlr￿ 1$ to make gwts pursuant lo tts objects from funds donaied
currenl empknyees and directors of PIMCO Europe and its affiliate5. The Foundation ha
èstablished benchmarks for making donalions for th¥11a￿e purposes. These *KJude a programmè
of matching eontrilmth.tsns rnade by employees of PIMCO Ewope rts affilates. In add￿on the
Oirectocs may make conth"bub"ons to othw registered chattrs whK* satisfy the uiieria they have
$stablished. Gonsequentty. the DirectrKs consKleT that it is apprcynate to disdose the lunds as
unrestr￿tSd. Thè Directors pursue a I￿oad $tratg9y of ensurn9 proper due diligence in the
assessment of sffant applulions re9ard to. amcry othw thirws;
proper idènbfieAtitin of grant reripwls..
establishing that grant ￿rpO￿$ are charitab￿- and
ensuring the ￿gaI￿of making grants to the recipi&)ts.
The Directors have paKI due regard to thè Charrty C¢)mmissK>n's gLidan¢e on pubkc benefi( as
required by Sectth)n 4 of th& Chaiities Act 2011, when reviewi)g the obj.ects and ongoing strategy of
thè Foundation. In particular. the Directors have &)nsidered wthether grants being awarded by thè
Foundation are for the pubk bèn•1
The FoundatK)n has estat￿IShed its 9ranl rnakirs pobcy to achieve its obie(ts for the publ￿ benefit.
ensures that proper due dth"9ence 15 ￿[￿rtaken to establish that pr￿0$ed proje¢t$ are chWItab￿.
Directorn and TnNt¢•s
The Oire(#ors of the Fothidalion ¥tho held offic* during the yw ar• nolèd on page 1.
Th• Director5 did not hohj any benefi¢ialinlere5t in FOu￿18tiOn at 31 Dec*mb8r 2023 or at any
time dLrring the year.

PIMCO Foundation Europe
Directors, report
for the year ended 31 December 2023 (continued)
Appointmwrt ot Dir?￿r•
The Dwectors of FOundat￿n are aL80 the Trustees for tha of chaity L7w. AJI Di18etors
are elected by PIMCO ELtrope wrsuant to the Foundalion's Art￿S of Association. Th¢ number of
Director5 appointed shal noi be les5 than three t5 not subj'eci to any maximum numbèr.
Tr￿￿* ￿￿￿etIoN and tsainln9
New Oyectofs are briefed on their ￿gaI obl•Jat￿n$ and powers as company Directors and charity
Trustees. New Directors are also provh*d wAh a copy ofthe Foundalion's Memorandum and Articl
oIAssC￿Iation. and nformation w the history and stwclure ofthe Foundation. as wdl as the dec4sion
making wocesses. prJi¢ies and the fuiwe rAans and Obl￿tiveS of the FourhdatKJn.
Oryanlsatlon
The Directors are responsible for the Strateg￿ [￿reCtI)n and poliy of the Foundation and, subject to
any prudent delegation to ath5er5 and agents. make all substantive deci5KJns in relation to the
Foundation. In thJrtheranrE of thts. the Diredors mtet a5 arKI when required. The Directors may
delegatè any of their PMfS ￿ funciThs to committees bth the tems of dèl8gakn.on must b* agreed
in advance. The Fwndation has established an investment CLMnmtttee chair•d by onè of thè
rectors.
The Directors meet regularty to the 9Wt #thryty of ts Foundati￿ and its ￿veStment
R•vi•w of activits••
The Foundation's acts¥ibe5 are Imited lo the making of grants pursuant to its ch¥itabJe purposes
and the putrlic benefft. In the year. the Foundab"on has receNed donations. ￿lsUred that fvnds are
held s*cur•ly and invest￿1 arKI mada grants for charitablè purKNJSèS in aecordan¢e wrth the Crrteria
it has established. In addth"on, the Ftyjndat￿ acbvefy encovrages staff of PIMCO Europe tts en9a9e
in other direct charitat4e aciNii*s.
Cash grants awarded during the year arTh)￿le￿ lo £1.410.270 {2022'. £980.1611. The employees of
PIMCO Europe also worked ￿th a number of chan"be5 on a variety of volunteerirvj projects.
The Trustees take Ihew resp)nSI￿litIeS under the Chaithes (Protection and Sotsal Irwèstmenll A
2016 seriousty and have conswjered thew impact on the charity's actithbes. The Charrty not
raise fvnds from the general ptknlr. Its polry is nol to engage in active bJndra1￿ng at this timè and it
has received no ccfflplaints in relalion lo its fvThYraising athiiies.

PIMCO Foundation Europe
Directors, report
for the year ended 31 December 2023 (continued)
R•vl•w of transactlons and f*￿ne￿al posltion
During thè yèar, thè FLwndab"on r￿eNed donatws of£1.386,81512022'£1,133,4911 and invests))8nt
income of £150,541 12022".£126.6381. This incomt was appled to fvrihemg Ihe Objec￿Ve5 of the
Foundation and the Direciors mad8 grants totalling £1,410.270 {2022..£980.161} during the year.
The net rnovement in funds for th& yèar. a$ shm) in the statement offinancial thibes, anM)unttd
to a surpkls of £481.075 (2022.. defi(il of £188.030).
The value ofthe Foundation's nèt assets al 31 Dewnbw 2023 was £6.861.624 {2022'. £6,380,549).
Inve$lJnent pobcy •nd p•rformanc•
In accordance wrth the Foundatson's A￿d•S ofAssocth"on lh# OYe(knr5 have Ihe lo invest in
such 5toc*s. share5 and investments as they see frt and the power to dekgate the mana9èment of
Such investments lo a sulFo)rnmittee or a ￿On￿al expert. Folkmting consideration of the
investment management semces of variw5 service provider5, and mindful of Ihew duties as charity
Trustees to act pnKlenty and to diversfy ihe investments of the F￿Jndat10n appropriataty. lh&
Directors *3reed to invest a pNtlcAio of fvnds managed by PIMCO Europe. PIMCO Evrc4)e does
not charge a feè for managing the Foundation's fvnds. The irwestment polry is subjecl to regular
rep¢ytirvJ and rewew. The Directors consider Ihe grant requirements each year and thè amount of
investment in￿rne that w￿1 be generated from the investments held.
Thg tlrectors have monitored the perf0m￿nCe of investments in the ytaf by wewing investment
report5. InvÈslment income in the year amounted to £150.541 12022'£126.6381. The value ol Ihe
FouThjth"(￿'S inveslments In￿a$¢￿ during the y¢¥ by £453.123 (2022.. decle￿ed by £28.1981.
Th* toial F4ytlc4io grtswlh forthe year was a p05itiNE 112%12022'. Negati4e 7.1%).
Polky •tstsm•nt on r￿•r￿•S
The lunds at 31 December 2023 wll be retained to generate investh￿nI irKLYne and to m&*è grants
) accordat￿e wth the FOundatK￿,5 charrtable 0tr4'e¢ts and pothc￿.
Plans lor lubJ￿ developments
The Foundalion aims to ￿lI[￿le lo encovrw gi¥ing by the empbyees of PIMCO Europe by
matching their char5table donalions up to limrts sét by thè FtsUrbdat￿. h will also continue lo make
grants to chant*s approved by the Directors.

PIMCO Foundation Europe
Directors, report
for the year ended 31 December 2023 (continued)
The Direclors Ivtho aro aso TnJst6es of Ihè FouThJalThi for the purposes of d￿lIty lawl are
responsible for prep￿ThJ the Directors, Report and the financial 5tstements in accordan(* with
applicable law and United lQngdom Accounting Stand¥th (Unrted Kingdom GO￿ralty A￿pIed
A¢¢ounting Pra¢tKe}.
Cornpany law rewires the threctors to wep*• financial statements for eath year which s¥ve a true
and fair of Ihe state of affairs of the Foundalion and of the incoming resour￿$ and apPI￿*1￿n
of resources. inrAuding the income and expendrture. of the Foth)dab'on for that finanaal year. In
preparirrfJ these financial statements. the Dweclors are rwuired to..
selecl suitable xcounting pcAicies and th￿ apply thèm o*$istsntly',
Pfepare the accounts in ac(￿rdanCe with the SORP".
m8kejudgements and estimates that are reasonab￿ wudenl".
stalé whèther applicable UK aco)unling slandards have been fcllowed, subject to any
matenal departures disch)sed and expbined in the fin8nc4al statements.. and
prepare the finanaal statements on the going conc8m basis untes$ it is inapkyoprth to
presume that the Foundaticm ¥￿1 ccmtynue in business.
The Directors are responsible for keermrg adequale accounting Tecords thal a￿ sufficieni to show
and extyain the FoundatK)n's transath.ons al￿ disdose wth rea50nabbe aowrary at any lirne the
financial poSit￿)n of the Foundats"￿ and 8nat)la thèm to ènsure th* the finanryal statements comply
th the Companies Aca 2(H)6 and the SORP. They are also responsible for safeguarding tht assets
ol the Foundation and hen￿ fcff taking reasonable sleps for the prevention and d&tectb)n of fraud
and other ineguL4nbt$.
Audlt
So lar as each Director is aware. there is no relev￿1 audit nfO￿alon of which the FoLtndation's
3￿jit￿ is unawa￿. and they have taken 81 the steps they oughl lo have taken as Directors in order
to make themselves awarè of any a￿lIt informab.on and lo that the Foundaticffl's
auditor is aware of Ihat Inf0M￿l￿)n.
Internal conlmlj the mitigation of m•ior risks
The FouThJation has a risk manapment woeess that en5ure5 that arvropriate steps are taken to
mitigate risk. The Directors have assessad Ihèse and are $*"sfied that reasonable steps are being
t*¢en to mitigale exposure to these risks. The DireCt￿S havè 0¥oral resFonsknility for en$urbng thal
the Foundab'on has a system of intemal ryjntrol to mitNJate the risks idenbfied.
In respect to specfft financial risks 1mpath.ng thè FoundaliM. Il* Oire¢Aors rnonitorthe performance
of the FoundatKJn's investmènts and approvè the lèvaf of gTants to be awarded laking into aCC￿)Unt
avalable funds. Suffhient reserves have been all￿ated for working caprtal needs and there are no
lon*tefrn bofrowings.

PIMCO Foundation Europe
Directors, report
for the year ended 31 December 2023 (continued)
Audi¢0
Saffery LLP wérè rèapptynled as audrtiws of the c(¥npany at the Board maèling hald on 14 March
2024.
This raport has been ac¥xrdance wilh the SORP.. Aco)wrting Rewth"NJ by Charitiès
IFinancial Repthling sI￿dards app&cabl• in the UK and the Repubk of Ireland IFRS1021 Isecond
edIt￿nI. (Charities SORP- FRS102} and in acCOrdar￿ the prowsK)n, applicable to companies
•￿ttt￿d to the small exempl1￿.
On behalfof the Board of Dreclws
CravJ Dawson
Chairnian
Oate.. 21 May 2024

PIMCO Foundation Europe
Independent auditors, report to the Directors of PIMCO
Foundation Europe
Opinlon
We have audited the finanraal statements of PIMCO Fc4mdation Ewope for th• yèar èndèd 31
December 2023 whil* comwi5e the Ststement of Financaal Actmbes, Balance Sheet. Statement of
C8shfflryws notes to the fi￿ncIal statements. induding S￿nffThnt amyjnting polici•s. The
flnanc*al reports.ng framwoth that has been applied in thèir preparath)n 15 apF4icable law and United
Kingdom Accovnting Standards. inchJdw)g Financial R•porbng Stsndard 102. thè Financial Reporting
Standard applicable in the UK and Republ￿ of Ireland (United Kingdom GenernI￿ Awpled
A¢￿UntIng Practice).
In our ownion thè financwl ststwnents..
gNè a true and lairmèw ofthe (*arrt*lg company's stste of affairs as al 31 December 2023
and of its ￿(In1r￿j resources and appltsknon of rèsourtss. widudin9 rt5 income and
expenditure. for the year then ended..
havè ￿en properly prepared in wilh United lfjngdom Generalty Accepted
Accounting Pract￿,. and
have been prepared in a¢>>)vda￿ with the Cornpar4es Act 2(Kl6.
Basls for oplnlon
We conduded our audit in ￿0rdarKe with Internall￿ Standards on Audrting {UK) IISAS (UK))
and applcable law. Our reS￿SibI1rt￿s under those standards a￿ further described in th• auditoTs'
responsibilities lor the audit of the ￿anual 5talementS sectw of our report. We are independent of
the charitable company in accordance with the ethical requirements Ihat are relevant to our audit of
Ihe financAal statements in Ihe UK, inchjding the FRC'S Eth￿ Standard, arml we have fvlfrlled our
other ethical responsiblities in accordanc• wilh thèse requirèments. We beffièvg that the audit
e¥idence we have obtained is suffKxent and ap￿0p￿e to provide a basrts for our Lynitin.
Concluthths rnl*tlng to golng ¢on¢¢m
In auditing the finanual statements, we have conthded that the trustees. use of the 9ong ￿nCern
basis of ￿￿u￿ting in the preparation of the finarKial statemènts is appropnalè.
Based on the work we have perf￿rned. we have not identified any material Un￿rtaIntieS retating to
events LY conthtK)ns that. irKli¥1￿alPY or collecthty. may cast wgnificanl doubl on the chantable
compan￿$ abilty to contitwe as a going concém (C￿ a period of at le•$t twohe months from when
the financral statements are authortsed for issue.
Our ￿pOnSIbl￿1e5 and the re5ponsibikn"e5 of fv trustees wlh respect to goiThJ concern are
described in the rdevant sections of thss rep)rt.
Olh•r infomiatlon
The trustees are respcfflsble for the (rtheT infomiation. The other information comwsès the
infofmation inc4uded in the 8nnu* re￿rt. other than the fina￿la1 ststements and our auditors, report
Iher8on. OLW opinion on Ihe finan￿1 statements does not c4)verthe other infomation and, except to
the ext&nt othe￿1$& expffiaty $tsted in thjf reFty1, w¢ do not ¢xwe55 any forn of assurance
c(￿dUs￿ln ther•on.

PIMCO Foundation Europe
Independent auditors, report to the Dlrectors of PIMCO
Foundation Europe (continued)
Our rasponsibdty is lo read the other infomiation and. in doing ￿. ¢on5ider whether the other
Informat￿ is materialty inconsistent with the finanaal ststements or wr knOW￿ge obtained in the
course of the audit or otherwise appears to be malerrafty misslaled. If we identify such material
Inconsisténcies or apparent material misststements. we *e rewired to delernr* vthether Ihis gives
rise to a material misstatam8nt in Ihe finanaal slalements themselves. If, based M the workwe have
performed. we c•ndude that there is a material mIsststem￿t of this other *rf0M￿tIon we are
r8quwad to report that f￿.
We have noth￿9 to reF**I in this ward.
Oplnlon# on othor moll•r¥ pres¢rfb•d by thè Companlg¥ 2006
In our based on Ihe wort ￿lertaken in the course of thg autht
Ihe informalion giwi in the Truslees. Annual Re￿ W￿"Ch Indudes the Directors. Report
for the finanaal year for whith the financi4 statements arè prepared 15 consistent wth th8
finanaal stal8m&nt$', ar
the Truslee$' Annual Reporl whith indudes the tAr•ctors' Rwort ha8 been prepared in
accordance with apPh'ca￿ legal requirements.
Matl•Ys on whleh wo arn requived to r•port by ox¢•ptk>n
In the IvJht of the knowledge and underslandiTrJ of the tharitab￿ company and its environrnenl
obtained in Ihe course of the audit. we have nol identified material misstalemenls in the Twstees.
Annual RewL
We have nothng to report in resFect ofthe foknw matters where theComPan￿5ACt 2CMJS requi￿$
us to report to you rf, in our opinw..
adgiuate aco)untiThJ records have not been kepl. rA rebjms adequale for our ath*rt have
not been Ter￿1ved frcm branches not ￿$It•d by us; or
the financ4al statements are not in ayreernent wilh the acC￿￿tir￿j re￿￿$ arKI retwns.. or
c*rtain th$cknsure5 Qftwstees. ￿M￿neratiOn SpeCTr￿ by law are not made". or
we have not rec*ved all the infomiatbjn and explanalions we require for OUT audit.: c
the trustees were not anljued lo prepare the financial statements in ￿ldance with the
small rnmpaJNes' regime and to take advantage of the small CoM￿nIes, exernpts'on in
prepaiing the Trustees. Annual Report and the stratèg￿ Report.
R•spon$lbllttlM of trustees
A5 explaine¢J more luty in thè Trustees. Re5ponsibilties Stalement set out on pago 5. the Iruslees
(who are also directors of thè tharitable company the purposes ol company lawl are TespJnsible
lor thè pr¢paration of the fjnanaal slatements and for bèiny $ati5fied that they give a true and fair
v*w, and for 5uth intemal c¥)nlfol as the trustees t1etennine is necessary to enable ihe preparation
of finanaal statèmènts Ihat ¥e free frryn material misstatement, ￿her due Its fr8ud OT error.
In preparing the financial ststemènts, the trustees are resp)n&ble for assessing the th*itable
eompany's ablity to ￿ntinUe as a gonig concem. disdosin9. a5 appl¢ab￿. matters ￿lated to goin9
C￿￿M and using the going ctsncem basi5 of accounting unlèss the trustees either inlend io h'quidata
the chartsble ccrfnpany ￿ to ¢eos¥ Operat￿S. or have rKJ realith attemalN* lo do so.

PIMCO Foundation Europe
Independent auditors, report to the Directors of PIMCO
Foundation Europe (continued)
Audltorn. Mponslbllt50* forth• audlt of th• flnandal stat•ments
Wa havè been appomtad as auditors undgr th• CtyN)ani8$ Act and reptyl in •¢¢tydw¢o with
regulations made that A
Our objectNes are to obtain reasonable assurance at*)ut whetherthe finanaal sialements as a whole
#re fretr from matenal misststement. ￿ether due lo fraud rm elror. and to issue an auditors, report
that includes our opinbjn. Rea50nabte assurar￿* 15 a h￿h level of a55urartt, bul is not a guaranlee
that an audit conductetl ￿1 accordance wth ISAS {UK) wll a￿ayS deted a material misstalement
when it exists. Misstatements can arise from fraud or error and are considèr8d matèrial rf, indNiduaUy
or in the aggregate. they coukl reasonabty te expected to inffluence the economic deosions of users
taken on the basis of these financial statemenis.
1rregtslar￿es. fraud. are inslaK*s 0fnon-o￿￿wW11h kw$ and wulatbon$. We desb3n
procedures in line with our fesponsit¥lrfies. outlined above, to detect rnaterial mi5Statements In
respect of irregulanties, ind(*Jing fra￿. The speufic procedures for this engagement and Ihè extent
to which these are capable ofdetectry irregularthes, Ind￿J1￿9 fra￿j are detailed bekyw.
Idenb'fyin9 and a55e55ing risks related to irregulaiilies..
We assassed thè suscepts.blty of Ihè charrtable company's finan¢ial statèmants to material
misslatement and how fraud mitht occui. rncknling through i*scussions with thè management.
discussions wrfhin our audit team planniig meetng, updab.ng our record of intemal eontrols and
ensuring these o)ntrols operaled as intended. We evafualed poss*1￿ iwtives opportunities
for fraudulent manipula1b￿ of the finawal ststwnents. We identsf￿d law5 and regulations that are
of 5ignTrficanee in Ihe COEhtext of the charrtable company by discussions With trustees and updating
our Lmderstanding ofthe sector in whth the ch￿t4e company operats$.
Laws and Wations of direct sbJnffKance in the context of the tharitable company indtwje Th8
Ccmnpanies Ad 2(￿. and guidance issued ty the Charity CommrAicffi for El￿aThj aThJ Wales.
Audit responsè to risks idantif*d:
We considereil lh& extent of o)nWkance with tr*se laws and wÈ9dalion$ as part of our audit
procedures on the related financial statement items ￿￿dIng a review of fmanual statemènt
disclosures. We revkwed the chwitst4e company s records of breaches of laws and iegLdations,
rThnutes of meetings and correspondence wilh relev￿1 authorsties to identfy potentsal material
misstaternÈnts arisirfj. Wè discussed the tharitable companls polKAes and procedures for
comFAiancé wth laws and r8gulab.ons wth mambèrs of managèment rè$kK)nsible lor ¢ompliance.
t￿rIng the planning meetiThJ with the aL*tht team. the engagement partner drew attent¥)n to thè kèy
areas which might involve non-compliance WTth laws and regLAations or fravd. We enquired of
management whetherthey were aware of any instances ofnonTrcom￿IanCe with laws regulatsons
or knowledge of wy adual. suspected or al*ed fraud. We addre55ed Ihe r15k of fraud Ihrough
management ovèrrida of contrcAs by testing the appropriatènèss oljoumal entrie5 and identifying any
sKJnificant transadions that wefè unusua or outside the norm￿ eoutsè of tr￿SineSs. We assessed
whether judgements made wi makjng accounling estwnates gavè rise to a pOs&t￿t indieation of
management bias. At ihe cornpletw stage of the audit, Ihe engagement partnei's revièw indLtrded
ensuring Ihal the leam had aPPf0aC*￿d thwr work wrth appropnate professKJnal sceplicism and thus
the capacrty lo identify noTrwnpliance laws and regulation5 arbd fraud.

PIMCO Foundation Europe
Independent auditors. report to the Directors of PIMCO
Foundation Europe (continued)
There are inherent limitalKJns in thè audit W0￿ureS descri￿ above and the fvrther removed non-
ornpIKqnce with laws and regulaticms is from the events and transxbons ￿ffected lh& financial
statsmènts, Ihè less likely we woukl aware of it. Also. the risk of not detecting a material
misstatement due to fraud is hKJh* than the risk of not deteth.ng one resuming from error. as fraud
may in¥ofve deliberate Conce￿Ment by. for examF4e. forgery or intent￿n31 misrepre$entslions. or
through edlusion.
A fijrther doscription of our raspM**ikn is avatsile ￿ the FirwK>al Reporting cOur￿lfS wèbsiie
.uklaudrtorsres
sI￿1rtie& This desuwwyi part of our audiiors, ￿porL
U#• of our rnport
Thi5 re￿rt is made solety to the chartith coMpan￿.S members. as a bth, in xoydance with
Chapter 3 of Part 16 of the ¢￿panIeS Act 2CKJ6. Our aud￿1 work ha5 been undertaken so thal we
might state to the ch*itable company's rnember5 those matters we are required to state to them in
an aydiior's report and lor no other purpose. To Ihe ftAlest •xtent pwtnitl8d by law, do not accept
or assume responsi￿"￿ty to anyrme other than the charilable compary and the charitabk company's
mèmbers as a body, for our awjrt w(wk, for this reFrt or ts the opinions we have fO￿ed.
Cara Turtington ISen*)r Statutory ALKknr)
for and on behalf of Saffery LLP
Chartgrgd A¢¢ountants
Stslutory Auditors
71 Queen VKtoria Street
Lryhdon
EC4V 48E
Date.. 23 May 2024
Saffery LLP i8 elIg￿￿e to ￿t as an *Jditty in tern￿ of Se¢11￿ 1212 ofthe Companies Ad 21J06
10

PIMCO Foundation Europe
Statement of financial activities
for the year ended 31 December 2023
Notes
Yèar •nd•d
31 DoC•m￿l 2023
u￿r￿trI￿￿ lynd
Year ended
31 D•e•mb•r 2022
Unr•strlct•d funds
Inc¢)me Ivom:
. DonalM)ns
Inveslmènts
TO￿ Income
1J86.815
150.541
1.537.356
1.133.491
1.260.129
Exp•ndliuY• on:
Grant Making
Support Costs
CharIta￿e Aetivitiès
1A10.270
980.161
33,386
1.013,547
1N46.902
Gainluoss) on le￿￿•t￿)ft of
investments
390.621
1414,612
Net income for th• porfod
481,075
1168,0301
R•¢¢)nclllallon olfvnds:
Total funds brought foThvard
6.380.549
6,548,S79
Totsl fvnd• carrled
forwa
6.861.624
6A80.549
l ol the Foundation's ¥tr4itse$ ar& d&n¥8d c4nlinuiig opeTalions.
Thè F￿n￿a￿.0ft has rbQ recognised gwns arHI105ses other than those shtr*n abow.
Th& nolos on pages 14 10 19 form part of these finaM¥al statements.
11

PIMCO Foundation Europe
Balance Sheet at 31 December 2023
2023
2D22
Flx•d assets
Investments
5.732.740
5.732.740
5,279.617
5,279.617
CuYY•nt •s*ets
Debtofs
Cash at bank and li hand
1.358.191
2B.306
1.386,497
1.174.568
32.737
1.207.305
Creditors.. amounts fall￿ d
Ihin one year
Net currentass•ts
10
{40,6511
{106.3731
1.345.846
1.100.932
Credrtors: amounts fakng after
om yaar
11
{216.9621
Mot as$•ts
6.861.624
6.380.549
Funds
Unrestricted
6,861,624
6.861.624
6,380,549
6,380,WJ
financial stsiemenls have b&gn prepared in accAydance w*h the pn)visions applicable to
companEs 5uty.ed lo the 5m)I compan*s rè9imè.
The financAal stat8rn￿ts on pages 11 to 19 were apwo¥ed by the Directors ffi 21 May 2024 and
were svJned on their behalf by..
Craig Daw
Chairman
12

PIMCO Foundation Europe
Statement of Cashflows
Year ended 31 December 2023
y￿re￿￿ed
31 D•t¢mber
2023
Y•ar•ndod
31 D•cèmbor
2022
Cash loubfvwylnflow fw op•r4lkng #¢lJvl¢lo#
{92.470)
276,271
Cash fl4)wa fmm In¥•stkng •thlU
Sale of inVestm￿t$
Investrnent income
cornm15s￿n ￿ investment
Purc*ase of investments
Cash used in invtsting
aetMtI•s
1.999.013
150,541
{172N151
1 889 100
88.039
3.663,530
126,638
1148,8611
3 901,083
1259,7761
(Decreaseifincrease in cash and eqwaknts in the year
14A31
1S,495
Cash and cash equivdents at Ihe begInn￿g ofthe year
Total cash •quI￿1￿￿ atth• •nd ofth• y•ar
32.737
17,242
28,306
32.737
The by OFwating is cakxlaled as f￿￿.
Y••rond•d 31
Do¢¢n4Jer 2023
Y•ar •nd•d 31
Decemb•r 2022
SurplusllD&fkit) as porthè ststwent offinancol
actithtiès
Ilncreaselldeueas8 in debtors
Increase in credrtors
Investmenl incomè
Unrealised IgaoilAo$$ on in￿￿en1$
Net cash louthow)f￿ll0￿Irnm op•rnting
actlvlligs
481.075
1168,030)
1183.623}
151.240
76.057
79,27
1126.6381
414,612
275,271
390.621
{92A7•1
The Charrty doos not hold ￿Y deirt and has theref￿e Th)t Prepared a reti)nU￿.atTh of nèt dèbt for
the year.
13

PIMCO Foundation Europe
Notes to the financial statements
for the year ended 31 December 2023
PRINCIPAL ACCOUNTING POUCJES
The financial statements have been prepared in accordatKe wrfh a￿lcab￿ aeix)unting standards in
the United ￿ngdorn. Ihe Stalemenl of Recommended Pfaclice, "Acccwjnting and Rèporting by
Charrties SORP- IFRS102), (Second Edition) the Cornpanies Act 2006. and applicaNe accounting
stsndards in the United Kingdom. A S￿￿mary ol Ihe acoJunb"r¥a W)1￿leS, have been
applied ￿nsISte￿Ity. is set out belryw.
PIMCO F￿ndation Euro￿ meèts the d¢finthn ofa P￿￿1¢ Bew*fft Entty under FRS102.
B••ls of a¢¢ountlng
The financial statements are wepared in aecordance with the historicaj c05t convention as modffied
by Ihe revaluatyrm of investmenls.
The financml ststements a￿ prwed in sterlirg whith 15 the fUnd￿TraI ￿l￿enry of the charty.
Monetary amowts in these fmancial slatements are rounded to the nearest vthole £1.
Incom•
In￿Stment inccAne is reoJgrMsed on an acx¥ua15 basis.
Volunlary ￿Ccrfne i8 cfediied to the statemènt of financi?1 on a receNatle basi5.
Donat8d semces and are I￿Auded in the ffinanryal slatements in the financial year in which
they are recei￿b￿ where arè quanlif¢blo, 8nd whwe a third party is bewing the cosL
Exwidlth
Liabililps are reco￿lSed whon there is a lagal or 0)nsIn￿liVe 0￿gab"on commithng the Foundation
to the eX￿[KIrtUre.
Gralrts, tM)th single and muK￿Year, ilany, rewised inlhe finanrA81 ststemenls as liabrfitEs after
they have been approved by the Direclors. the recyients have beèn notsf*d and Ihere are ￿ fvrtheT
tem)s and e0nd￿"0nS to be fulfimed which are wrthin Ihe control of the Foundath)n. In these
cAcumsiances there is a valid expectabon by the that they will receive Ihe grant.
Goveman¢¢ ¢osts ind4th those costs associ￿ wrfh meeting the c4)nststubonal and stalthory
requiremenls ofthe FouNlalion.
Golng toneem
At the time ofappmMng the ffinancial statèments the ￿"reCtorS have Ye￿ewed the apwopriateness of
the adoplion of the going concem basis. The Directors have satisfied themselves that for the
forèseeable future the 90ing ¢oncwn basis is appropn'ate to be used. No material uncèrtainity that
may cast doubt over the abilty ofthe charity to as a going ¢oncem has been identified, with
the syze of investment fund suffiuent to cover a full ytarfs tharitable ac11v￿.￿S even in a worst case
strass of ￿ donalK)n income and a wnrfKant fal in investrnenl values. It shwld be notèd that Ihe
fixed Costs of the F￿ndatIOn remain as sh(Mn in N(rte 5.
14

PIMCO Foundation Europe
Notes to the financial statements
for the year ended 31 December 2023 (continued)
PRINCIPAL AccouimNG POUCIES Icontinuedl
Inveslments
Inv&slm&nts are induded in the finanua statements at mathèt vahjè at thè balance sheet date.
Realised and unrèajisèd gains and bsses are (xediled or debited to the statement of fmanwl
activiknes in the financial year in whth they arise.
Foreign ¢uryenci
Transadions in foreyn currencie5 we translaled into stwkng at the rate of exchangè mling at the
date of the transaction. Assets and tr"abIl￿èS in forevjn cAJrrenryes are translated into sterfing at tt)è
rate of exchange ruling at the balance shaet date. Exchange difference5 are chargedlcredited to lh•
Stalement of financAal activities and herKe are taken rnto aceount in arrF¥ing at Ihe r*1 movement in
funds.
Fund accountlng
The unrestricted fijnd comprises general funds wtiic* arè to metrt the tharilable objects of the
Foundab"on at the di5uetion of the Directors.
Taxatlon
The Foundalion is a registered charity. and Iheiefotè is not fiabje for in(x)me lax or corporation tax
on in¢ome deiived from its dwIlab￿ ￿￿The$. as it lalL8 wiihin Ihe v*ious èxÈmptkin5 availab￿ to
registèrèd VAT is ¥K￿ded wilhwi eX￿j1￿[e whwe it is nol [￿0verable.
VOLUNTARY INCOME
2023
2022
Individual donalions
Donated s•rvw and supK¥yt (Note 13)
1.364.191
22.624
1.386.815
1.110.068
1.133,491
No other income has been I￿lud￿ ￿ respe(a of servw pro¥id&J by PIMCO Europe tt)is
is not quantffiatle.
15

PIMCO Foundation Europe
Notes to the financial statements
for the year ended 31 December 2023 (continued)
INVESThIENT INCOME
2023
2022
Gross inveslment inc4xne TeceNable
- DNidend income
150.541
150.541
126.638
126,638
CHARITABLE ACTMTIES EXPENDITURE
2023
R•stat•d
2022
Grants
Children
CuhuTal
. Education
Environment
- Gender EqU￿lty
Health
- Hc*nelessness
- Hunger
- Overseas ad
SAIS
5A58
9.063
12.560
108.000
51.622
429.107
732,998
$6,047
1.4111270
22.330
fj.165
15,720
65,104
101.IXIO
23.053
408.900
201,000
136.889
980,161
108 grants12022.' 1131 were made during the yew in rtsFe¢t of the ¢hanlable ¢auws shown abovo.
Thè Separate donatK)ns Of£5￿,115 to Foodcloud. and £171,OlXI to MyBnk represented 54% ofthe
total donations. Induding in this is an O￿lgath)n of £216.962 to Foodckjud to be paid in 2025. No
other indNidual charty was in re￿pt of more than 10% of the total donations made. The amounts
donated by PIMCO Europe stsff. and matched by thg FO￿datiOn. wKr¢ased dumg the year to
£45,389 from £38,281 in the pri￿ yèar.
FollowiThJ a review of the CaIegc￿Sat￿ of gr* car￿1 out in 2023. the 2022 categorisation has
been restated to be compar*Ae to the new ¢alegcATzation us8d for thè 2023 ￿mbers.
SUPPORT COSTS
2023
2022
Swjwrt ¢o$ts
- Legal and accounling 18es
- Bank charges
- Forei￿ Exchange Igainsl I b55e5
- other
Audit fee5
Total 8wpport cost•
23.221
1.323
121
120
11.970
20.62fj
1.213
1191
166
11.400
16

PIMCO Foundation Europe
Notes to the financial statements
for the year ended 31 December 2023 (continued)
INCOME FOR THE YEAR
Net in¢ome for th¥ year 15 Staled after charging..
2023
2022
Auditors. remuneration
- Audit offinancba slattmerrts
11.970
11.970
11.4110
STAFF COSTS AIID OTrECTORS' REMUNERATION
No staff were employed by Ihe Founda￿ dumg thè yè¥ {2022". nc*e}.
The Directors received no remuneration in r•sped of their 5er¥ice51o the Foundation during the year
12022.. Th)ne}. No Dwector received any reimbursemènt of expènse$ dLYng Ihe year12022.' none).
FIXED ASSEf INVESTMEPtTS
2023
2022
Quoted investments:
Opgning value
Addltions during the financial year
Disposals at market value
Unrealised gain on revaluation
Other investment income and donaled serv
Market value at 31 December
5.279.617
1.889.100
(1,999,013
390,621
172 415
5.732.740
5.307,815
3.901,083
13,663,530)
1414.612)
4279.617
Cost a131 Decernber
4 483 $26
_23.297
Tha fixèd asset investments are invest•Y in PIMCO Fund5 Glob￿ Investors Sèrigs l-GIS"l. which 15
established in IrelarKI. and PIMCO AllemalNe fijnds. established in the Cayman Islands. Inve5trnenls
irKlu¢Jed in the above al 31 December 2023 we as fc4lows:
17

PIMCO Foundation Europe
Notes to the financial statsments
for the year ended 31 December 2023 (continued)
FIXED Ass￿ wESTME1￿s l¢0nlknU￿
2023
2022
GIS Dynamic M￿l￿Asset
Fund IGBP Hedged)
GIS Global Bond ESG Fund
IGBP Hedg•d)
GIS Global Real Rel￿n Fund
(GBP Hed9erfJ
GIS PIMCO Slo¢ksPLUS AR
Fund USD
GIS Income Fund (GBP
Hedged)
GIS Global Bo￿1 (GBP
Hedged
GIS PIMCO TRENDS Fund
IG8P Hedged)
PIMCO Tactical
OpportunNies Fund USD
PIMCO Global Credit
Opportunty Fund USD
PIMCO Commodty Alpha
Fund USD
220.069
418.091
698.946
12
679.080
13
4S1.541
415.501
S16.829
417.698
1.119.770
21
1.217,095
23
236.388
1.515.426
1.368.257
431.352
380.683
472.419
383.205
5.732.740
100
279,617
100
DEBTORS
2023
2022
Donalion$ Receivable
Other ReceNables
1.358.191
1.1114568
70,000
1.174568
1.358.191
10
CREDITORS: AIAOUNTS FALUNG DUE WITHIN ONE YEAR
2023
2022
Accruals
other cseditors
30.163
10.488
40.651
36.373
70.000
106.373
18

PIMCO Foundation Europe
11
CREDrroRS: AIAOUNTS FALUIIG DUE AFTER ONE YEAR
2023
2022
(￿her Creditors
216,982
216.962
12
CAprrAL
The Foundalion is a company th"mrted by guarantee and has no sharè capital. In Ihe event of the
Foundation being wound up. the h'ability of the sole mernber. PIIACO Europ¢ Ltd, k% limited to £1.
13
RELATED PARTY TIiAN&4CTIOMS
The FOundat￿n recognists PIMCO Europp ts alNiates as related parlies. The uttimate parent
¢ompany of PIMCO Europe is Alianz SE. a ccffipany Irmxt￿ted in Gerniany.
All thè Directors ol PIMCO Foundation EuroFe are erthèr Th"re¢Aors or employees of PIMCO Europe
or rts affibates. Thè Directors take steps lo ensure thal any potential of intwesl is both
dedared and managed. Indmdual don*"ons to the Foundabon made by some Trustees amounted
10 £377.30112022.'£Y39.1781. Thes• amounts were owirwj at year end.
The Foundation has invested in vaihjus fvnds managed by PIMCO Europe or affithates of PIMCO
Europe. PIMCO Europe and or affiliates of PIMCO Europe do I￿1 charge any fee for the serwcès
provided. Because the PIPICO funts. management fees are chaw against capiial. the lunds allot
néw unrts lo the Fovndalion equr¥alent to the valuè of these fees. In the year to 31 Decémber 2023
thesè alk)tments amounted to £22.62412022."£23,4231. This amount has been induded in the figure
of donations received. PIMCO Ewope also alknys Ihè FoundatKJn to hold its m8atirwJs at the
Company's offices and doè$ not make a charge ts this.
19